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CoastalSouth Bancshares (COSO) director receives 927 RSU equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CoastalSouth Bancshares director Askins L. Scott received a grant of 927 restricted stock units on February 11, 2026. These RSUs convert into common stock on a one-for-one basis and are held as direct ownership. The award is scheduled to vest 100% on December 31, 2026, aligning the director’s compensation with future company performance.

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Insider Askins L. Scott
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 927 $0.00 --
Holdings After Transaction: Restricted Stock Units — 927 shares (Direct)
Footnotes (1)
  1. Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis. RSU 100% vests on 12/31/2026.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Askins L. Scott

(Last) (First) (Middle)
400 GALLERIA PARKWAY
SUITE 1900

(Street)
ATLANTA GA 30339

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CoastalSouth Bancshares, Inc. [ COSO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/11/2026 A 927 12/31/2026(2) 12/31/2026(2) Common Stock 927 (1) 927 D
Explanation of Responses:
1. Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis.
2. RSU 100% vests on 12/31/2026.
/s/ Lauren Hemby, Chief Accounting Officer 02/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CoastalSouth Bancshares (COSO) report in this Form 4?

CoastalSouth Bancshares reported that director Askins L. Scott received a grant of 927 restricted stock units. The award was made on February 11, 2026 and represents equity-based compensation, not an open-market purchase or sale of company shares.

How many restricted stock units did Askins L. Scott receive from COSO?

Askins L. Scott received 927 restricted stock units from CoastalSouth Bancshares. These RSUs are a form of stock-based compensation that, once vested, will convert into 927 shares of the company’s common stock on a one-for-one basis, assuming continued service.

When do Askins L. Scott’s COSO restricted stock units vest?

The 927 restricted stock units granted to Askins L. Scott vest 100% on December 31, 2026. Vesting means the units become fully earned at that date, after which they convert into shares of CoastalSouth Bancshares common stock, subject to applicable plan terms.

Is the COSO director’s RSU grant an open-market stock purchase?

No, the grant to the COSO director is not an open-market purchase. It is an award of 927 restricted stock units at a price of $0.00 per unit, reflecting equity compensation rather than buying shares on the market with personal funds.

How do the COSO RSUs convert into common stock for the director?

The restricted stock units granted to the director convert into shares of CoastalSouth Bancshares common stock on a one-for-one basis. After they vest on December 31, 2026, each of the 927 RSUs becomes one share, increasing the director’s direct shareholdings.

What is the ownership type of Askins L. Scott’s COSO RSUs?

The 927 restricted stock units are reported as directly owned by Askins L. Scott. Direct ownership means the reporting person is considered the direct beneficial owner of the award, as opposed to holding it indirectly through another entity or account.